Friday, June 06, 2008

Daily Summary

6800 shares
-46

What a reversal. The market was weak the entire day and I tried to go long gold stocks most of the time. I picked BVN and ABX which did not move much while AEM the one that I passed on blasted off. I picked a couple of stocks to short last night but I did not watch them. EDU was one of them. When the market is weak why look for longs. The easy trades are from the short side. I got to remember this the next time.

4 comments:

tatu said...

I finally close with a green number today, the oil sector perform very well during the first half hour,such as XCO CRK PVA etc.
today I saw XCO run almost 1$ straightly without retreat, well it's a pity I missed that move.
wish u luck!

tatu said...

ABH some time also moves smoothly, maybe you can pay some attention to it.

OBAT said...

ABH looks nice.

debt consolidation unsecured said...

The past few weeks a number of fluctuations have characterized the stock market so nothing to worry at all yet.

About Me

I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.